Mortgage News

Low interest rates not giving big loan book boost

Monday 25th of February 2013

The bank's loan book, including home loans, business lending and credit cards, increased 3% over the six months ended December 31. 

It was up 6% for the year, from $12.1 billion to $12.8 billion. 

But in the previous financial year, Kiwibank experienced lending growth of 10%. In the same half the year before, lending grew 5%.

The slowdown comes despite aggressive...

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